Hippo Holdings Inc. (HIPO) Earnings
Hippo Holdings Inc. is expected to report next earnings on August 5, 2026 (in NaN days), with a consensus EPS estimate of $-0.18. HIPO has beaten EPS estimates in 7 of its last 12 reported quarters (average surprise +520.6% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 30, 2026 | $0.07 | $0.27 | +285.7% | $122M | -4.7% |
| Feb 25, 2026 | $0.49 | $0.23 | -53.3% | $120M | -3.6% |
| Nov 5, 2025 | $0.04 | $0.70 | +1650.0% | $121M | -0.4% |
| Aug 6, 2025 | $-0.65 | $0.65 | +200.0% | $117M | +1.1% |
| May 7, 2025 | $-1.41 | $-1.91 | -35.5% | $110M | -3.8% |
| Mar 5, 2025 | $-0.15 | $-0.07 | +53.3% | $102M | -4.5% |
| Nov 8, 2024 | $-1.00 | $-0.34 | +66.0% | $96M | -2.4% |
| May 2, 2024 | $-1.41 | $-1.47 | -4.3% | $85M | -3.7% |
| Mar 6, 2024 | $-2.04 | $-1.76 | +13.7% | $65M | -11.7% |
| Nov 2, 2023 | $-2.66 | $-2.24 | +15.8% | $58M | +2.9% |
| Mar 2, 2023 | $-2.74 | $-2.74 | +0.0% | $36M | +10.7% |
| Nov 10, 2022 | $-2.81 | $-3.16 | -12.5% | $31M | -2.1% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 30, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Kick off 2026 with strong momentum, accelerating top line growth, fourth consecutive quarter of profitability. Generated over $332M gross written premium, up 58% y-o-y. - Announced strategic distribution partnership with Progressive, combined with Westwood partnership for homeowners product. - Made progress with AI implementation: agentic AI in claims workflow, adjusters at 30% higher efficiency; AI in services for customer experience transformation, 10% improvement in average handle time; AI in underwriting for homeowner's business to assist underwriters. - Homeowners: $87M gross written premium, turned corner on growth, rate increases average 10% this quarter. - Renters: $41M gross written premium, 17% increase y-o-y, lower retention this year but expecting retention rates to normalize. - Commercial lines: commercial multi-parallel $96M, up 89%, casualty $101M, up 193%, launched new program in casualty to increase retention.
Guidance
- Increased gross written premium from $1.4 - $1.5 billion to $1.45 - $1.525 billion. - Increased net written premium from $500 - $540 million to $520 - $550 million. - Introduced new revenue guide between $560 - $570 million, growth of 19 - 22% over full year 2025. - Maintained net combined ratio range of 103 - 105%, inclusive of 13% cap-loss ratio. - Increased expected adjusted net income from $45 - $55 million to $48 - $56 million.
Segment performance
In the first quarter, HIPPO generated over $332 million of gross written premium, up 58% year-over-year. Gross written premium for homeowners was $87 million, up slightly; renters had $41 million, a 17% increase; diversified commercial lines: commercial multi-parallel was $96 million, up 89%, and casualty was $101 million, up 193%. Net income was $7 million, adjusted net income was $17 million. Homeowners had a 99.5 combined ratio improvement of 60 percentage points year-over-year. Renters had $41 million gross written premium, 17% increase over prior year quarter. Commercial multi-parallel had $96 million gross written premium, 89% increase over last year. Casualty had $101 million gross written premium, 193% increase. Homeowners book rate increases average roughly 10% this quarter but expected to moderate. Renters net return premium was $11 million vs $37 million in Q1 last year, largely due to unearned premium adjustment.
Risks & headwinds
- Forward-looking statements subject to risks, uncertainties, and other factors that could cause actual results to differ materially from historical results and forecasts, including those set forth in HIPPO's Form 10-Q. - Risks, uncertainties, and other factors discussed in HIPPO's SEC filings, particularly in the 'Risk Factors' section of Form 10-Q and 10-K. - Quality of programs, reinsurers, partnerships is important; need to monitor collateral and counterparty risk.
Analyst Q&A
Q: On updated guidance, what to expect for balance of year to prevent margin expansion despite higher growth and incremental loss ratios with elevated growth in casualty and CMP?
A: Guy said combined ratio kept same as every point is $5M, Q2 and Q3 have highest capsules, casualty is line retaining least but pricing is good. Rick said loss ratio portion doing well, expense ratio area with focus for improvement to drive combined ratio down.
Q: How to think about managing collateral adequacy and counterparty risk and fronting?
A: Sid said Spinnaker had zero exposure to past challenges, put quality above quantity, monitor collateral, be cautious on reinsurance and program partners.
Q: More color on Progressive partnership?
A: Rick said partnership developing well, went live at beginning of year, exceeding expectations, working to enter new states in coming quarters, grow in areas that support both sides and are accretive to bottom line.
Q: 2028 targets and homeowner's mix?
A: Rick said 2028 targets contemplated by keeping doing what's being done, ahead of pace, mix dependent on market cycles, opportunities, and diversified portfolio. Guy said implied CAGR to $2B target was about 22%, ahead of pace, mix on gross return premium relatively even between casualty, CMP, and homeowners, net PI to diversify more.
Q: Mix between admitted and ENS in home book and comment on ENS?
A: Rick said CEO gives company optionality to toggle admitted and ENS business. Guy said about 70% of homeowners line in Q1 was HHIP, rest was partner program (predominantly ENS), HHIP grew about 15%, other side shrank, ENS is value accretive but prioritize underwriting discipline and profitability over volume.